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Company Registration No. 10170963 (England and Wales)
ALLYACE LTD Amended Unaudited accounts for the year ended 31 May 2023
ALLYACE LTD Amended Unaudited accounts Contents
Page
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ALLYACE LTD Company Information for the year ended 31 May 2023
Director
Navdeep BAJWA
Company Number
10170963 (England and Wales)
Registered Office
15 Melville Avenue Old St Mellons Cardiff CF3 5TZ
Accountants
XEN ACCOUNTANTS LTD 102 A COMMERCIAL STREET NEWPORT NP20 1LU
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ALLYACE LTD Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,430 
1,563 
Current assets
Inventories
35,000 
45,000 
Debtors
24,000 
24,201 
Cash at bank and in hand
36,401 
7,886 
95,401 
77,087 
Creditors: amounts falling due within one year
(68,612)
(19,661)
Net current assets
26,789 
57,426 
Total assets less current liabilities
28,219 
58,989 
Creditors: amounts falling due after more than one year
(38,526)
(52,961)
Net (liabilities)/assets
(10,307)
6,028 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(10,308)
6,027 
Shareholders' funds
(10,307)
6,028 
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 6 February 2024 and were signed on its behalf by
Navdeep BAJWA Director Company Registration No. 10170963
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ALLYACE LTD Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
ALLYACE LTD is a private company, limited by shares, registered in England and Wales, registration number 10170963. The registered office is 15 Melville Avenue, Old St Mellons, Cardiff, CF3 5TZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% on cost
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2022
2,149 
- 
2,149 
Additions
- 
160 
160 
At 31 May 2023
2,149 
160 
2,309 
Depreciation
At 1 June 2022
586 
- 
586 
Charge for the year
293 
- 
293 
At 31 May 2023
879 
- 
879 
Net book value
At 31 May 2023
1,270 
160 
1,430 
At 31 May 2022
1,563 
- 
1,563 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
24,000 
24,000 
Amounts falling due after more than one year
Accrued income and prepayments
- 
201 
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ALLYACE LTD Notes to the Accounts for the year ended 31 May 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
3,138 
1,239 
Trade creditors
26,796 
16,472 
Taxes and social security
16,873 
1,950 
Loans from directors
21,805 
- 
68,612 
19,661 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
38,526 
44,736 
Loans from directors
- 
8,225 
38,526 
52,961 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Average number of employees
During the year the average number of employees was 15 (2022: 15).
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